W&T Offshore, Inc. (WTI) To Go Ex-Dividend on November 19th

W&T Offshore, Inc. (NYSE:WTI) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, November 19th will be paid a dividend of 0.01 per share by the oil and gas company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 19th.

W&T Offshore has a dividend payout ratio of -8.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect W&T Offshore to earn ($0.43) per share next year, which means the company may not be able to cover its $0.04 annual dividend with an expected future payout ratio of -9.3%.

W&T Offshore Stock Performance

Shares of W&T Offshore stock opened at $1.92 on Monday. The stock’s fifty day moving average is $1.99 and its 200 day moving average is $1.80. W&T Offshore has a one year low of $1.09 and a one year high of $2.59. The stock has a market cap of $284.91 million, a P/E ratio of -2.52 and a beta of 0.59.

W&T Offshore (NYSE:WTI) last posted its quarterly earnings data on Wednesday, November 5th. The oil and gas company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.07. The company had revenue of $127.52 million during the quarter, compared to the consensus estimate of $125.69 million. Analysts predict that W&T Offshore will post -0.45 EPS for the current year.

W&T Offshore Company Profile

W&T Offshore, Inc engages in the production, exploration, development, and acquisition of oil and natural gas properties. It focuses its operations in the Gulf of Mexico. The company was founded by Tracy W. Krohn in 1983 and is headquartered in Houston, TX.